(a) The Board of Trustees shall meet at least three
times a year and may hold special meetings at any time, at the call of the
chairman or upon petition addressed to the chairman by at least four of the
members of the Board.

(b) Notwithstanding the provisions of G.S. 116-32, the
Board of Trustees shall elect a chairman and a vice-chairman; no ex officio
member may hold such an office.

(c) The Board of Trustees shall determine its own rules
of procedure and may delegate to such committees as it may create such of its
powers as it deems appropriate.

(d) Members of the Board of Trustees, other than ex
officio members under G.S. 116-233(a)(3) and G.S. 116-233(a)(8), shall receive
such per diem compensation and necessary travel and subsistence expenses while
engaged in the discharge of their official duties as is provided by law for
members of State boards and commissions. Ex officio members under G.S. 116-233(a)(3)
and G.S. 116-233(a)(8) shall be reimbursed for travel expenses as provided by
G.S. 138-6. (1985, c. 757, s. 206(b); 1995, c. 509,
s. 66; 2006-66, s. 9.11(n); 2015-30, s. 2.)